Local view for "http://purl.org/linkedpolitics/eu/plenary/2007-07-12-Speech-4-303"
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"en.20070712.23.4-303"2
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".
I abstained on the own-initiative report by Mr Mitchell on the 2006 annual report of the European Central Bank (ECB). I am very keen on the independence of the ECB since our economic and monetary history teaches us that we must never again entrust monetary control to the politicians. I am, however, of the opinion that this report does not satisfactorily tackle the extent to which the European System of Central Banks (ESCB) does not attach sufficient emphasis to economic growth. We must not forget that Article 105 of the Treaty Establishing the European Community makes provision for the ESCB to support the general economic policies in the Community, without prejudice to the objective of price stability, with a view to contributing to the achievement of the objectives laid down in Article 2. That is, in particular, to promote balanced and sustainable development of economic activities, a high level of employment and social protection and a high degree of competitiveness and convergence of economic performance. Although we need a solid euro in order to preserve our assets, we must not have a euro that is too strong for lasting economic growth to develop, particularly in the field of exports."@en1
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